I say it again: REDUCE THE FEES!

[mai77]

ppl who run bitcoin foundation are carpetbaggers

[prezbo]

ppl who run bitcoin foundation are carpetbaggers

What does the bitcoin foundation have to do with all this?

[tysat]

ITT OP rages about things he doesn't understand

[defxor]

No, pretty soon as in next halving. 1800 BTC per day production isn't going to keep enough miners interested, but the fees will.

Why would 1800 BTC/day at some future valuation not be interesting for miners when 3600 BTC at $15-$150 is, as was 7200 BTC at $0-$31?

No one is forcing anyone to make huge capital investments - it's healthy competition which clearly finds the current production rate attractive.

[Mysticsam_3579]

Look here

One way to lower the fees is to become a miner yourself.
Then you can set to accept no-fee transactions and create blocks that are several megabytes big if you like.

[Eri]

Do you all realise that by not lowering the fee so its USD value stays roughly the same you are saying "raise fees to stop small transactions"? Because that is exactly what is happening.

Rather we should have solid rules in place to stop transactions that negatively impact the blockchain.

15$  per BTC = 0.0075 USD fee
150$ per BTC = 0.075  USD fee
500$ per BTC = .25     USD fee (Same as dwolla except we dont allow small transactions for free)

But by your guys logic raising the fee in USD helps the network, so why dont we raise it further rather then lowering it. lets move it up to 1$ for every transaction, that way we can push out many other small transcations and at the same time have higher fees then dwolla and paypal, it will be a strike of genius! everyone will flock to bitcoin for its higher fees!

But how do you plan to convince people to use bitcoin when bitcoins fees are nearly as high as dwollas *right now* and fees to get bitcoins are even higher? We may care about how bitcoin is better then dwolla and paypal, but try convincing the public that they should trust bitcoin and enjoy the ever increasing fees at the same time.

[Herodes]

another f****** rip-off is the 1 € = 1 U$D fee  to be "allowed" to edit the btc-wiki  


you shameless greedy sheisters !


you shameless greedy sheisters !

Soo you expect admins and contributors to work for free  ? What about hosting costs, costs for the admin and so on ? There's no rule that you cannot ask for a donation or take paid for services you provide. Also paying ensures that the quality of contributions are higher. It will deterr the average spammer from registering. If one is unhappy about this, one is free to start a free wiki on your own terms.

[greyhawk]

another f****** rip-off is the 1 € = 1 U$D fee  to be "allowed" to edit the btc-wiki  


you shameless greedy sheisters !


you shameless greedy sheisters !

Welcome to the bitconomy. Adapt yoself before yo wreck yoself.

[Eri]

another f****** rip-off is the 1 € = 1 U$D fee  to be "allowed" to edit the btc-wiki  


you shameless greedy sheisters !


you shameless greedy sheisters !

Soo you expect admins and contributors to work for free  ? What about hosting costs, costs for the admin and so on ? There's no rule that you cannot ask for a donation or take paid for services you provide. Also paying ensures that the quality of contributions are higher. It will deterr the average spammer from registering. If one is unhappy about this, one is free to start a free wiki on your own terms.

Im fairly sure hes just frustrated by the apparent inability of people to come up with an opposing opinion while addressing his concerns.

[prezbo]

Do you all realise that by not lowering the fee so its USD value stays roughly the same you are saying "raise fees to stop small transactions"? Because that is exactly what is happening.

Rather we should have solid rules in place to stop transactions that negatively impact the blockchain.

15$  per BTC = 0.0075 USD fee
150$ per BTC = 0.075  USD fee
500$ per BTC = .25     USD fee (Same as dwolla except we dont allow small transactions for free)

But by your guys logic raising the fee in USD helps the network, so why dont we raise it further rather then lowering it. lets move it up to 1$ for every transaction, that way we can push out many other small transcations and at the same time have higher fees then dwolla and paypal, it will be a strike of genius! everyone will flock to bitcoin for its higher fees!

But how do you plan to convince people to use bitcoin when bitcoins fees are nearly as high as dwollas *right now* and fees to get bitcoins are even higher? We may care about how bitcoin is better then dwolla and paypal, but try convincing the public that they should trust bitcoin and enjoy the ever increasing fees at the same time.

Do you understand that except for some very special circumstances the fee is not required? Like I said, if you are spamming a network you will have to pay a fee, that keeps the network secure. Of course, if you do not add a fee, you might have to wait a ridiculous amount of time before your transaction confirms, but that's entirely up to the miners.

Like John, I, too, have not paid a fee for a transaction in a very, very long time.

[fredtrader]

If bitcoin is to become mainstream it needs to be able to work with small transactions. If the value of bitcoin increases and the fee remains the same, smaller transactions will stop being plausible and bitcoin loses a big portion of its userbase.

I agree that the fee should be reduced if bitcoin keeps appreciating in value.

[Eri]

Do you all realise that by not lowering the fee so its USD value stays roughly the same you are saying "raise fees to stop small transactions"? Because that is exactly what is happening.

Rather we should have solid rules in place to stop transactions that negatively impact the blockchain.

15$  per BTC = 0.0075 USD fee
150$ per BTC = 0.075  USD fee
500$ per BTC = .25     USD fee (Same as dwolla except we dont allow small transactions for free)

But by your guys logic raising the fee in USD helps the network, so why dont we raise it further rather then lowering it. lets move it up to 1$ for every transaction, that way we can push out many other small transcations and at the same time have higher fees then dwolla and paypal, it will be a strike of genius! everyone will flock to bitcoin for its higher fees!

But how do you plan to convince people to use bitcoin when bitcoins fees are nearly as high as dwollas *right now* and fees to get bitcoins are even higher? We may care about how bitcoin is better then dwolla and paypal, but try convincing the public that they should trust bitcoin and enjoy the ever increasing fees at the same time.

Do you understand that except for some very special circumstances the fee is not required? Like I said, if you are spamming a network you will have to pay a fee, that keeps the network secure. Of course, if you do not add a fee, you might have to wait a ridiculous amount of time before your transaction confirms, but that's entirely up to the miners.

Like John, I, too, have not paid a fee for a transaction in a very, very long time.

im not crazy familiar with the metric that decides on fees and i dont know of any type of calculator that lets you guess at costs though id love to see one! but unless that metric includes a BTC to USD value conversion in it, the metric will increase in value as the BTC price increases.

What i mean is, *As an example* someone used 100BTC that was 1 day old to sweep up some small transactions with no fee. when it was 15$ each that was 1,500$ in BTC, now that its 150$ each thats 15,000$ in BTC, as a result the barrier for "free" transactions is higher then it used to be because the USD value went up even if the BTC amount stayed the same.  *this is not meant to say you need 100 BTC for a free transaction, its just illustrating a point with a example i found on the forum.*

[prezbo]

Do you all realise that by not lowering the fee so its USD value stays roughly the same you are saying "raise fees to stop small transactions"? Because that is exactly what is happening.

Rather we should have solid rules in place to stop transactions that negatively impact the blockchain.

15$  per BTC = 0.0075 USD fee
150$ per BTC = 0.075  USD fee
500$ per BTC = .25     USD fee (Same as dwolla except we dont allow small transactions for free)

But by your guys logic raising the fee in USD helps the network, so why dont we raise it further rather then lowering it. lets move it up to 1$ for every transaction, that way we can push out many other small transcations and at the same time have higher fees then dwolla and paypal, it will be a strike of genius! everyone will flock to bitcoin for its higher fees!

But how do you plan to convince people to use bitcoin when bitcoins fees are nearly as high as dwollas *right now* and fees to get bitcoins are even higher? We may care about how bitcoin is better then dwolla and paypal, but try convincing the public that they should trust bitcoin and enjoy the ever increasing fees at the same time.

Do you understand that except for some very special circumstances the fee is not required? Like I said, if you are spamming a network you will have to pay a fee, that keeps the network secure. Of course, if you do not add a fee, you might have to wait a ridiculous amount of time before your transaction confirms, but that's entirely up to the miners.

Like John, I, too, have not paid a fee for a transaction in a very, very long time.

im not crazy familiar with the metric that decides on fees and i dont know of any type of calculator that lets you guess at costs though id love to see one! but unless that metric includes a BTC to USD value conversion in it, the metric will increase in value as the BTC price increases.

What i mean is, *As an example* someone used 100BTC that was 1 day old to sweep up some small transactions with no fee. when it was 15$ each that was 1,500$ in BTC, now that its 150$ each thats 15,000$ in BTC, as a result the barrier for "free" transactions is higher then it used to be because the USD value went up even if the BTC amount stayed the same.  *this is not meant to say you need 100 BTC for a free transaction, its just illustrating a point with a example i found on the forum.*

I see your point, but you do realize you can't incorporate the price in such a calculation without having the whole market contained inside the protocol? In any case, spammers should be punished, and I don't mind if they're punished a little bit more as the value of bitcoin rises. Just don't be a spammer and you're good.

I do however think that the "spamming threshold" could (should) be lower than 0.01 btc at this point. This threshold is the real problem in my opinion, not the minimum fee itself.

[justusranvier]

If bitcoin is to become mainstream it needs to be able to work with small transactions. If the value of bitcoin increases and the fee remains the same, smaller transactions will stop being plausible and bitcoin loses a big portion of its userbase.

Unfortunately some people don't want regular people to be able to use Bitcoin, so this is a desired outcome for them.

[Gabi]

Given the current price, yes, the default fee should be lowered  Of course everyone can change it manually on the client 

[camaro69327]

given the current rise in the BTC exchange rate, the BTC transaction fees MUST be reduced NOW!

JFC!! 

You must not be a miner....the dust ,heat, constant attention, breakdowns, list goes on and on.

and you complain for .001 = 13 cents. Todays price @ $127

You try wiring money for that amount.

Go home.

[Elwar]

Who, exactly, is this request directed to?

There are ways to not pay fees. Check the board.

I usually do not pay fees. But I only send coins every once in a while.

What are you spending on that costs such huge fees?

[fredtrader]

given the current rise in the BTC exchange rate, the BTC transaction fees MUST be reduced NOW!

JFC!! 

You must not be a miner....the dust ,heat, constant attention, breakdowns, list goes on and on.

and you complain for .001 = 13 cents. Todays price @ $127

You try wiring money for that amount.

Go home.

Where I live bank transfers have 0 fees. Anyway you shouldn't be comparing it to transferring money, if you want bitcoin to be mainstream it has to be practical for both large and small transactions, as the value in bitcoin gets higher so does the fee and small transactions are impossible

[DannyM]

raise the fees

[novusordo]

Most clients besides QT let you decide what fees you'd like to pay. I pay 0.0001-0.0002 for most transactions, which is plenty for now, a bit over 1 cent at current exchange rates. Perhaps the QT client should lower the "hardcoded" fee amount a bit, considering it was set back when BTC was worth <$20.